Hi! I’m on the small team that that made KitSplit.
Lumoid's great, but we see KitSplit as a very different offering. Lumoid owns most of their equipment, and ships it out by mail. KitSplit has a peer-to-peer and community focus: equipment owners can make money renting out their equipment, and meet other creators in their neighborhood while doing so. We've been encouraged to find that our users--who are mostly in NY right now--have really enjoyed meeting others in their neighborhood through the service, as well as (of course) saving and making money by renting equipment this way.
We're in private beta/MVP mode right now, while Lumoid is a funded, much older company, but we'e working on a redesign so stay tuned for that, too, and in the meantime let us know if you're interested in an invite or if you have any questions!

That's an amazing idea! It is really clean and I can see so many possibilities from it. Community driven is the key. It might be hard in the beginning, but I am sure the results will make everything and all your efforts worth it/them!